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HomeMarket NewsPower Mech Projects wins ₹266 crore contract from Adani Infrastructure
The work includes providing KPI based contract for operations and maintenance services at 2x300 MW thermal power plant at Butibori in Maharashtra, Power Mech said in an exchange filing.
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Power Mech Projects Ltd. on Wednesday, June 3, said it has won an order worth ₹266.26 crore from Adani Infrastructure Management Services Ltd for a thermal power plant in Maharashtra.
The work includes providing KPI based contract for operations and maintenance services at 2x300 MW thermal power plant at Butibori in Maharashtra, Power Mech said in an exchange filing.
The order is to be completed within 60 months from the commencement date, which is July 1, 2026, the company added.
On another note, in April,
Power Mech had secured a ₹296 crore order from the Maha Mumbai Metro Operation Corporation Ltd. for the Mumbai Monorail project.
The contract included operations and maintenance of the 19.54 km corridor with 17 stations for five years.
As per the agreement Power Mech will undertake comprehensive O&M services, which include managing rolling stock operations and upgraded communication-based train control (CBTC) signaling systems.
Power Mech shares were up 1.19% at ₹2,518 apiece at 11.55 am on Wednesday. The stock has gained 10.6% this year, so far.
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